CIMC to switch bourses

Hong Kong: Port giant China Merchants Holdings (International) Co Ltd said today its Shenzhen-listed China International Marine Containers (Group) Co Ltd (CIMC) plans to change its listing venue to Hong Kong by way of introduction without raising capital. CIMC is the world’s largest container manufacturer.

In a filing to the Hong Kong bourse, China Merchants said its 25.54 percent owned CIMC plans to convert all 1.43 billion CIMC B shares into H shares. B shares are a class of shares in China eligble for foreign investors.
The proposed listing of CIMC shares in Hong Kong is subject to regulatory approvals.  [15/08/12]

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